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Polish Briefing 22 October, 2018 9:00 am   
Editorial staff

Polish Briefing: A stabilizing package for companies affected by expensive energy

What goes on in Poland on the 22nd of October.

The government announces a stabilizing package for companies affected by expensive energy

Government Plenipotentiary for strategic energy infrastructure Piotr Naimski told reporters that the costs of investing in energy will be compensated “in some sectors”. Ministers of energy, industry and technology have announced concrete solutions.

– According to the prepared energy strategy plan, in the perspective of these 25-30 years, coal will remain in the mix at the level of 50 percent. This is a big task for all of us. Now it’s around 80 percent. We started from almost 100 percent in 1989. We came down by 20 percent. We will probably get down to another 30 percent – said Naimski.

– Demand for energy is growing – the minister reminded. – This means that by maintaining the generation on coal, we will have to supplement it with production from other technologies. This is also provided. Coal production for the energy sector will be more or less stable at the same level in the foreseeable, long period of 30 years. Why is this period predictable? We are building new blocks based on coal. Their technological life time is about 30 years and we must have our own raw material to supply them – he explained.

– The problem is that we must all be aware that modernization of the energy sector is an investment. It is not only a cost, but an investment in the future. There will be profits – assured the guest of the 4th National Economic Congress in Siedlce under the patronage of BiznesAlert.pl. – It should also be remembered that investment costs are fairly distributed and that is for analysis, decisions and specific measures that will compensate for this in some sectors.

According to the Minister of Energy Krzysztof Tchórzewski, analyzes fail to confirm the economic slowdown of Poland. – All experts point out that Poland’s development will continue. In the race, which is about catching up with Europe, it will still be an important player – assured the politician. In his opinion, the course set by Prime Minister Mateusz Morawiecki will bring economic development.

He was joined by the Minister of Entrepreneurship and Technology Jadwiga Emilewicz. – Poland ranked 27th in the ranking of the World Economic Forum in 144 countries. In the economic stability category, we obtained 100 points – she added.

– Investments related to the energy sector are our challenge. We are on the eve of major investments. We are facing specific legal solutions that are expected to bring stability to industry. We prepare a package of solutions for energy-consuming companies together with the minister – she announced.